Tag: progress

Looking for a Growth Stock? 3 Reasons Why Progress Software (PRGS) is a Solid Choice

By iwano@_84

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market’s attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.

In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.

However, it’s pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company’s real growth prospects.

Our proprietary system currently recommends Progress Software (PRGS) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently

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Progress makes layoffs at Chef after $220M acquisition, says it remains committed to roadmap

By iwano@_84

Progress CEO Yogesh Gupta

Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.

People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.

In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”

“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.

Gupta said Chef’s strengths in enterprise automation

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Progress Software Is Making Progress Where It Counts

By iwano@_84

Shares of application development platform Progress Software (NASDAQ:PRGS) shed 5% of their value on Wednesday following the company’s fiscal third-quarter 2020 earnings report, which it filed after markets closed on Tuesday.

Progress’ top line continued to exhibit anemic growth. Revenue increased by 3% over Q3 2019, to $109.7 million. And while the organization updated its revenue outlook for the current fiscal year, the positive revision amounted to just a slight upward nudge. At the midpoint of the range, the new guidance aims for 2020 revenue of $440 million, against the previous midpoint target of $430 million.

Nonetheless, even as shareholders expressed mild disappointment with the company’s slow top-line growth, Progress revealed trends that are certainly moving in the right direction.

Illustration: A man stands on a giant arrow, looking through a spyglass pointed at a dollar sign.

Image source: Getty Images.

Operating leverage is growing

Progress may be watching its sales stall in a pandemic-constrained year, but its profits are soaring due to lower expenses. Cost of

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Progress Software: Buy The Dip (NASDAQ:PRGS)

By iwano@_84

Here’s my advice on Progress Software (PRGS): try not to think of this company as a tech stock. You’ll be disappointed when you look at the company’s growth rates and its legacy technology (Progress Software focuses on PaaS, which is technology tools that help developers build other applications) versus faster-growing SaaS peers.

But if you think of Progress as more of an industrial concern – one with a very stable, recurring revenue base and gradually lifting margins, as well as steady profits and cash flow – then it’s fully possible to appreciate this value stock.

Shares of Progress Software dipped ~5% after reporting fiscal third-quarter results, despite what I believed to be a relatively strong print:

Chart
Data by YCharts

With value-oriented tech stocks being such a rare breed in today’s market, I think there’s plenty to like about Progress Software:

  • Recurring revenue base that now represents ~80% of Progress Software’s
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Progress Software Corporation (PRGS) CEO Yogesh Gupta on Q3 2020 Results – Earnings Call Transcript

By iwano@_84

Progress Software Corporation (NASDAQ:PRGS) Q3 2020 Earnings Conference Call September 29, 2020 5:00 PM ET

Company Participants

Anthony Folger – Chief Financial Officer

Yogesh Gupta – President and Chief Executive Officer

Conference Call Participants

Anja Soderstrom – Sidoti

Mark Schappel – Benchmark

Ittai Kidron – Oppenheimer

Operator

Good day, and welcome to the Progress Software Corporation Q3 2020 Investor Relations Conference Call. Today’s call is being recorded. At this time, I’d like to turn the conference over to Anthony Folger. Please go ahead.

Anthony Folger

Thank you, Allen. Good afternoon, everyone, and thanks for joining us for Progress Software’s fiscal third quarter 2020 financial results conference call. With me today is Yogesh Gupta, President and Chief Executive Officer.

Before we get started, I’d like to remind you that during this call, we will discuss our outlook for future financial and operating performance, corporate strategies, product plans, cost initiatives, our acquisition

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Watch Elon Musk’s Neuralink brain computer interface progress update live

By iwano@_84

Elon Musk is set to deliver a progress update for Neuralink, the company and technology he founded that aims to create a direct, ultra-low latency connection between our brains and our computers. The update will kick off at 3 PM PT (6 PM ET), and will be streamed live above.

Based on Musk’s tweets, what we should see is an actual product demo of a Neuralink device in action. The multi-CEO has said that it will be a version 2 of the robot that Neuralink revealed last year during a similar update. That robot is a surgical automated platform that’s designed to perform the highly precise brain surgery that implants the internal part of Neuralink’s tech, which will ultimately communicate wirelessly with a receiver on the outside of the skull that can then transmit thought-based input to computers — if development reaches its lofty goals.

Musk has tempered expectations somewhat

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Progress Software Corp Sees Hammer Chart Pattern: Time to Buy?

By iwano@_84

Progress Software Corporation PRGS has been struggling lately, but the selling pressure may be coming to an end soon. That is because PRGS recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 1 estimate have gone higher, compared to none lower,

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Appointment Scheduling Software Market to Progress at CAGR of 10% through 2030; Demand Surges During COVID-19, Opines Fact.MR’s New Study

By iwano@_84

Prominent players in the appointment scheduling software market are focusing on mergers and acquisitions to strengthen their foothold in the competitive landscape.

ROCKVILLE, MD / ACCCESSWIRE / September 22, 2020 / The appointment scheduling software market is projected to grow at a stellar CAGR of 10% in terms of value through the period of forecasting between 2020 and 2030. The report suggests that the growth of the market is primarily driven by a paradigm shift towards digitization and the growing trend of digital modes of communication among organizations across the world. Along similar lines, companies have adopted remote working and virtual workplace practices in the wake of COVID-19, which is further fuelling the demand for appointment scheduling software to ensure a smooth working cycle.

“Increased reliance on computers and smartphones for day-to-day activities, coupled with the introduction of automated internet technologies are bolstering the adoption of appointment scheduling software in

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Great progress for electronic gadgets of the future

By iwano@_84

Great progress for electronic gadgets of the future
Using “hidden” defects at the atomic level can change the conductivity of the material while also maintaining its structural integrity. Credit: Nanolayers Research Computing

Researchers at the Norwegian University of Science and Technology (NTNU) have found a completely new method to check the electronic properties of oxide materials. This opens the door to even tinier components and perhaps more sustainable electronics.


“We found a completely new way to control the conductivity of materials at the nanoscale,” says Professor Dennis Meier at NTNU’s Department of Materials Science and Engineering.

One of the best aspects of the new method is that it does not interfere with other properties of the material, like previous methods did. This makes it possible to combine different functions in the same material, which is an important advance for nanoscale technology.

“What’s really great is that this project is being run from NTNU and involves people from several

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